Remortgage Advice. 

Remortgage Advice. 

Time for a new deal. 

A remortgage is the taking out of a new loan on a property you already own. It replaces your existing mortgage. Why would you want to remortgage? People do it for several reasons: 
To get a better rate with a different lender – you might have started on a certain rate which has come to an end and would mean you switching to the standard variable rate (SVR) and therefore an increase in the repayment amount. 
To change mortgage type – perhaps you had an interest only mortgage and would like to change it to a repayment option. 
To release some funds (equity) – a home improvement project, for example, or a big life event, such as a wedding or university fees. 
To consolidate debt – arranging a new mortgage at a better rate could leave you with a lump sum that can then be used to pay off debts. Any kind of debt financing needs to be carefully considered to ensure you get the best solution for your needs. 
To buy a second property – remortgaging could release some funds to enable you to buy a second property either as a second home or Buy to Let. 
Whatever your reason for considering a remortgage, speak to a trusted mortgage consultant first. If your fixed rate is coming to an end, you will need to have your new application in three months before your rate ends. Plus there are certain requirements for all remortgages, including the age of your mortgage, and there may be fees attached to your existing mortgage which make remortgaging prohibitive. 
Remortgaging options are plentiful and range from fixed rate to variable to tracker remortgages. There are specific products available for those who have suffered with an adverse credit history – see our bad credit mortgages page for more info.. 

Want expert advice right now? 

Speak to one of our friendly mortgage advisers now on 0330 128 0989

Why Us. 

Why Us. 

We are for every person looking to buy a property. No property is too big or too small and our expert team can arrange mortgages for all kinds of buyers – first time buyers, Buy-to-Let, the self-employed and freelancers, commercial landlords and property investors. 
We understand that the mortgage world can be a minefield. So we keep things clear and jargon-free. Your mortgage is a hefty investment and we want you to know what you are signing up to, how much it’s going to cost you and exactly what is involved in the whole process from the minute you find your ideal property. 

Getting the Right Advice. 

Getting the Right Advice. 

You can find pretty much anything you want online and a mortgage is no exception. But you won’t have access to the same rates and deals we can see, from every lender out there. And you’ll have to spend hours of your own precious time wading through comparison sites, questionnaires and forms with no guaranteed positive outcome. 
A quick fact-finding conversation with us will allow us to thoroughly understand your needs and objectives. We will then put the mortgage wheels in motion, getting your mortgage application in quickly so you don’t lose out on your property. You are our number one priority and we’re not affiliated to any lenders, so you know we’re working to get the best deal solely for you. 

What Our  Customers Say. 

What Our Customers Say. 

Here are a few ways we have changed our customers’ lives. 

Frequently  Asked Questions. 

Frequently Asked Questions. 

Read through our frequently asked questions below and dive into our myth-busting guides to have a better understanding of what we do. 
 
Technically, you can remortgage at any time. Some lenders will specify a minimum term of borrowing, others won’t. Some will have an early redemption charge (ERC), or extra penalties if you remortgage too close to the end of your term. All remortgaging carries fees in the shape of arrangement and new mortgage fees so you do need to weigh up whether it’s worth it. Your mortgage adviser will be able to help with all aspects of remortgaging. 
 
It depends. If you stay with the same lender then no, because all the legal checks and surveys have been done. If you are changing lender, then you will need to employ a solicitor, although it is a much more straightforward process as there is no exchange of contracts involved. 
 
Thankfully, not as long as buying a property as there is no exchange of contracts or chain of buyers and sellers. However, there is still a survey to be done and paperwork to be processed so allow 4-6 weeks. Hopefully less than that! 
 
A whole of market broker can find the best deal for you, regardless of whether you already have a mortgage or not. They will know at a glance the costs involved with each new product and will know the best solution for your reason for remortgaging. 
 
There are many variables when it comes to fees for remortgaging but you will definitely have to pay some. At the very least there will be a mortgage repayment fee, a mortgage broker fee, valuation, survey and solicitor fees. That could cost anywhere between £2200 and £4500. That’s without any penalties levied by your existing lender. So seeking professional advice first is definitely worth it! 
YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. 
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